GameStop to Sell 3.5 Million Shares After Stock Frenzy Boosts Price

Pedestrians pass a GameStop store on 14th Street at Union Square in Manhattan, New York, on Jan. 28, 2021. John Minchillo/AP Photo

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares.

The shares will be sold through an “at-the-market” offering, which lets companies place their stock on the market over a period of time.